*Update* Approved!! "What are my odds? Should I apply for the Ames Blue Everyday Cash card?"

[rob3gd]

Here is my credit at a glance.

Credit Karma FAKO 736

Experian score: 702

Transunion: 704

Equifax: I don't know.

Credit inquires: EX.8  Trans.5  EQ.11

Number of accounts: 11 (Macy's doesn't report my card to Experian for some reason but I wish they did)

Macy's: 3.4 yrs. $2,000

Walmart: 2.4 yrs $3,300

Capital One platinum: 2.1 yrs. $750

Target: 2 yrs $200

Sears: 1.6 yrs $2,600

Ashley's Furniture: 1.6 yrs $5,000

Best Buy: 1.6 yrs $3,300

Banana Republic: 1.6 yrs $1,100

Chase Freedom: 1.5 yrs $800

Capital One Visa" 1.4 yrs. $750

Utilization as of now: 0% Everything paid off.

I had a US Bank account, but I closed it and my reserve line balance turned into a loan. The high balance during October was $2,600, but

Its paid down to just $104. However, this month, my statement had my balance at $1,800, so my score might go up after the first of may when it shows that I paid $1700.

I have a serious delenquency with Capital One from 2009 (about 120 days), but I paid it off as agreed and closed the account in early 2010. Then I got A First Premiere Bank Card and used it for a year, then I closed it when I got another Capital One Card.

Im concerned about the delenquency because it still follows me. The last time that I had a late payment was 2.7 years ago. It was a random thing with capital one while I was paying the delequent account.

Ive always paid all my bills on time and I made thousands of dollars in purchases with these cards and made some pretty big payments, especially recently. Credit Karma says that Ive made over 220 on-time payments since 2010 when they started to keep track.

So, what are my chances?

[Revelate]

How serious of a deliquency are we talking about?

I don't see any problem with an application with your profile, long as you have income, likely very good approval odds.  May only get 1K (like I did, with a worse repot I might add) but you appear to be well above the current underwriting minimum.

[09Lexie]

What is your util?

[rob3gd]

I believe it was about 120 days. I was in high school at the time and I made a serious mistake but I'm trying to bounce back

[rob3gd]

i guess not?

[enharu]

Amex might triple pull, and if they see a freeze, they will want you to unfreeze it, regardless of whether the info on it is accurate or not.

if those inaccurate info is a big negative, then wait until its cleared up before you apply.

I think you should be fine for Amex, but I don't really know to be honest. They're sometimes extremely strict for some people, and for some others they seem to give a leeway or two.

[boomhower]

Let that account report the lower balance and you should be fine.  I was approved with similar stats.  I had two six year old collections and one was over $2k when I was approved last year. FICOs very similar at ~700.  Limit was $2k but that was in line with everything but the new discover at the time. Good luck. 

[enharu]

oh to add, call macys and tell them your info isn't being reported correctly onto experian. they'll update it but the process usually takes 2-4 weeks at the very least, and up to 2 months.

[rob3gd]

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@enharu wrote:

oh to add, call macys and tell them your info isn't being reported correctly onto experian. they'll update it but the process usually takes 2-4 weeks at the very least, and up to 2 months.

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OK will do, but I hope they can maybe expedite it because I really want to apply within the first week of May after my reports update the status if my loan.

[rob3gd]

I applied online, but it didnt go through and instructed me to call new card services. After being on the phone for about 30 minutes, I was approved for $3,000. The rep had to verify my address by calling BOA to confirm. Im so happy, Yea.